Bakrie to Sell Freeport Stake
To Hasan's Nusamba Mineral

JAKARTA, Indonesia -- PT Bakrie & Brothers confirmed that it is selling its stake in the Freeport copper and gold mine to a company run by Mohamad "Bob" Hasan.

After a board meeting, Bakrie & Brothers said it signed a letter of intent Thursday to sell its 49% stake in PT Indocopper Investama, which owns 9.36% of PT Freeport Indonesia, to PT Nusamba Mineral Industries for $302.7 million.